The properties of the authority and the income therefrom, all lease agreements made by the authority, all bonds issued by the authority and the coupons applicable thereto and the income therefrom and all indentures executed with respect thereto shall be forever exempt from any and all taxation in the State of Alabama.
Ala. Code § 11-57-25
Exemption from Taxation of Properties, Bonds, Etc.
(Acts 1961, No. 895, p. 1407, §18; Acts 1961, Ex
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.